40% this year.
- Thread starter cooolweb
- Start date
Excellent call. Better hit the beach and sip on a pina colada eh?
Quote from Fireplace:
You're not trading this week? It's going to be Friday tomorrow, LoL, the week is almost over.
So looks like your stock DID move down with the futures...guess not all your picks hold up perfectly.
I'm going to admit that mistake, that was not suppose to be no 5000 share position.
1. Market down, (lower low) = no new long positions or very small ones.
The theory behind this is, yes sure, it can go up, but the statistics of it going down -1.5% is a lot higher, now a -1.5% will run my stop, but a -0.5% ES move will not. Now it may go up +.5% , but in the safe game , we are looking at the chance of the -1.5% possibility , which is a lot higher during a down week (lower lows).
2. It should have been a small test position like 30k.
3. This is a $450 lesson, not too big
but pain will make me remember better.I will admit every single mistake in this journal to improve my game, nothing will be left out. I'm looking to become a big trader who manages risk extremely well.
Hey that looks like fun, let me try it.
"Bought" 5,000,000 shares BRK.A at 119,355.00
I'm gonna hold on till it goes up cause...well...when you're paper trading losses don't really count and besides everyone knows it's going back up.
Lets see how big a following I can get of anxious readers hanging on my every word.
I've seen FIS trade and the levels in it....there is no way you can trade a 5k position, with a stop and not get some serious slippage. Your stops must be mental? And you must calculate slippage into your loss equation because 5k in that stock will have slippage.
Quote from cooolweb:
I'm going to admit that mistake, that was not suppose to be no 5000 share position.
1. Market down, (lower low) = no new long positions or very small ones.
The theory behind this is, yes sure, it can go up, but the statistics of it going down -1.5% is a lot higher, now a -1.5% will run my stop, but a -0.5% ES move will not. Now it may go up +.5% , but in the safe game , we are looking at the chance of the -1.5% possibility , which is a lot higher during a down week (lower lows).
2. It should have been a small test position like 30k.
3. This is a $450 lesson, not too big
I will admit every single mistake in this journal to improve my game, nothing will be left out. I'm looking to become a big trader who manages risk extremely well.
Thats how it suppose to be if the market drops -1.2%
return to average.
180k of ES would have cost me a max 2.3k loss / eod 1.8k loss
180k of FIS would have cost me a max 1.2k loss / eod .5k loss
==============
this should be recitifyed on the next trade, last time I'm entering large size during a down week or open area price action.
already happened twice in this journal
1) open 2) fis